BUSINESS
CAT slashes fines on Unilever, Friesland for misleading ice cream ads
The Competition Appellate Tribunal (CAT) has upheld the Competition Commission of Pakistan’s (CCP) finding that Unilever Pakistan and Friesland Campina Engro misled consumers by marketing frozen desserts as ice cream, while reducing the financial penalties imposed on the companies. The CAT cut the fines from Rs75m to Rs15m for each company. In addition, Unilever Pakistan’s […]
PSX invites bids for 3 million shares of ISE Towers REIT Management Company
Pakistan Stock Exchange (PSX) is inviting bids from companies, institutions, and banks for the purchase of 3,034,603 shares of ISE Towers REIT Management Company Limited (ISE REIT). These shares were pledged with PSX under the Base Minimum Capital (BMC) requirements by a forfeited TRE Certificate Holder. Proceeds from the sale will be used to settle […]
CCP flags rising concerns in rapidly expanding digital economy
The Competition Commission of Pakistan (CCP) has highlighted the growing competition challenges arising from the rapid expansion of digital platforms, big data, and algorithm-driven business models. It also stressed the need for strong and effective enforcement to ensure fair competition and innovation in digital markets. These issues were discussed during a lecture titled “Competition Concerns in […]
Pakistan signs MoU with US fintech for digital payments
Pakistan has signed a memorandum of understanding with World Liberty Financial’s affiliated entity, SC Financial Technologies LLC, to develop frameworks for digital payments and cross-border transaction infrastructure. The government seeks to integrate the country more deeply into global digital finance systems. The MoU was signed during a meeting between Prime Minister Muhammad Shehbaz Sharif and […]
PSX Closing Bell: Bears Back in Business
The benchmark KSE-100 Index concluded Wednesday’s trading session at 182,569.81, showing a decrease of 1,381.69 points or 0.75%. The index traded in a range of 2,356.74 points showing an intraday high of 184,726.60 (+775.10) and a low of 182,369.86 (-1,581.64) points. The total volume of the KSE-100 Index was 444.26 million shares. Of the 100 […]
Pakistan needs around $566bn to meet climate targets by 2035
Pakistan will require an estimated $565.7 billion in investment by 2035 to meet its updated climate commitments under Nationally Determined Contributions (NDC) 3.0. The estimate showed the scale of financing needed to cut greenhouse gas emissions, expand renewable energy, and strengthen climate resilience in one of the world’s most climate-vulnerable countries. The figures were shared […]
PKR rises by 3 paisa against USD
The Pakistani rupee (PKR) gained by 2.83 paisa against the US dollar in Wednesday’s interbank session to settle the trade at PKR 279.97 per USD, compared to previous closing of 280. Throughout the day, the currency saw an intraday high (bid) of 280.3 and a low (ask) of 281.05. In the open market, exchange companies […]
RDA attracts $213m in December
Total inflows into Roshan Digital Accounts (RDA) during December, 2025 stood at $213 million, bringing the total cumulative inflows into RDA to $11,707m. Compared to the previous month’s inflow of $181m, December showed an increase of $32m. However, according to data released by the SBP, amount repatriated and locally utilized during the month was $170m […]
PNSC boosts fleet with Aframax tanker M.T Karachi
Pakistan National Shipping Corporation (PSX: PNSC) expands its fleet with the addition of an Aframax tanker, M.T Karachi, under Karachi Shipping (Pvt) Ltd, with a deadweight tonnage (DWT) of 109,990 tonnes, according to the company’s filing on PSX revealed today.
Pakistan, UAE economic ties set to deepen with CEPA progress
Pakistan and the United Arab Emirates have reaffirmed their commitment to strengthening bilateral economic relations and fast-tracking the Pakistan–UAE Comprehensive Economic Partnership Agreement (CEPA), aimed to build a more robust and balanced trade and investment partnership. Both sides also explored opportunities for joint ventures, trilateral cooperation in third-country markets, and collaboration in emerging regions such […]
